Caporale, Guglielmo Maria - 2017
(industry) level by applying the Phillips-Sul (2007) tests for panel and club convergence. The main findings can be summarised … as follows. In the pre-2008 crisis period, no integration/convergence of any kind is found. By contrast, in the post … Telecommunication, both in a turn-around phase, and Gas & Oil and Technology, for which there is no panel convergence. Club convergence …